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Neu, D. (1991). 'New stock issues and the institutional production of trust'. Accounting, Organizations and Society'. 16(2): 185-200.
http://www.sciencedirect.com/science/article/B6VCK-45W4HV0-4N/2/42dba73a266430877894ffc0a52864b8
This study considers the institutions and institutional mechanisms that produce the trust necessary for the new stock issue process to work. A case study of the Canadian institutional environment is used to illustrate the interrelationships among
- security regulations,
- the accounting profession, and
- stock market regulations along with the embedding of other trust mechanisms within institutional practices.
The theory and analysis explicitly considers what is usually taken-for-granted in capital market studies. In addition, the study highlights some of the unintended consequences that may result from the institutional production of trust and the presence of multiple trust-producing institutions.
